Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Nice video. At which price will you trigger the Buy and which SL do you recommend, below the consolidation zone?
transparent-fx
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@frapal, entry, stop and take profit will be inserted only if the market will satisfy all the rules of my strategy, and I can't share my rules
Anpu
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Good Video!
This is my recent analysis on BTC.
Please tell what you think
transparent-fx
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@Anpu, everything is always possible, that is why we must react and not predict
mireza5166
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great, hope to pass weekly challenge...
transparent-fx
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@mireza5166, remember, always be reactive and not predictive
socal619
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I really enjoy how you explain things. Thank you very much for your time and willingness to share your insights!
transparent-fx
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@socal619, thanks for the support, much appreciated
JSNtrades
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A couple of questions:
1. How useful is TA for cryptocurrencies given the amount of manipulation in the market?
2. Do the Weekly (and to a lesser extent, Daily) closes have the same relevance or validity as in FX, given that the cc markets are 24/7?
It makes sense that Weekly FX closes have a lot of meaning given that many traders want to settle before the end of the week (and to a lesser extent, "end" of the day).
With cryptocurrencies, there are no real closes, so the timeframes are arbitrary. I wonder how much difference this makes when looking for closes above or below a level?
3. Related to 2 above, BTCUSD monthly did not close above the .618 Fib (although it was close), and weekly didn't close above resistance (likewise close). So it didn't meet your criteria, what next? Given that it broke through *after* the end of the week and has now made a strong push up. (I hope I am clear in tying this to 2/ above--how meaningful are those arbitrary close dates...?)
Many thanks for sharing your expertise and insights.
bonic
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are you kidding, you're only looking at longer time frames.... people actually listen to you?